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(EFC) Ellington Financial complete technical analysis [charts+indicators] | Buy/Sell Ellington Financial | (EFC) share price targets

Complete technical analysis of Ellington Financial (EFC) by charts plus indicators, forecast predictions and share price targets for Ellington Financial (EFC)

Ellington Financial trades in USA in Finance sector.

10 day averaged volume of Ellington Financial is 750550

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	11.71	11.60	11.75	11.55	1.204 times
25 Thu Apr 2024	11.60	11.50	11.62	11.44	1.075 times
24 Wed Apr 2024	11.55	11.67	11.67	11.50	0.771 times
23 Tue Apr 2024	11.67	11.48	11.67	11.45	0.974 times
22 Mon Apr 2024	11.47	11.45	11.51	11.38	0.884 times
19 Fri Apr 2024	11.42	11.25	11.43	11.22	1.216 times
18 Thu Apr 2024	11.27	11.12	11.32	11.10	1.294 times
17 Wed Apr 2024	11.12	11.10	11.15	11.04	0.806 times
16 Tue Apr 2024	11.03	11.01	11.07	10.88	1.059 times
15 Mon Apr 2024	11.03	11.23	11.28	10.95	1.117 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 11.6, but if it comes below 11.6, then a intra day sell could be more profitable.
If you take a sell trade below 11.6, then use 11.6 as stoploss and 11.38 as target. However if you take a buy trade in stock , then use 11.6 as stoploss and 11.8 as target.

Share price targets for Ellington Financial (EFC)

Target Type	Value
Downside Target	10.88
Upside Target	11.81
Upside Target	11.92
Upside Target	12.09
Upside Target	12.47
Upside Target	12.59
Upside Target	13.04
Upside Target	13.20

Intraday share price targets for Ellington Financial (EFC)

Target Type	Value
Downside Intraday Target	11.48
Downside Intraday Target	11.24
Upside Intraday Target	11.85
Upside Intraday Target	11.98
Downside Intraday Target	11.61

Weekly technical analysis of Ellington Financial (EFC)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	11.71	11.45	11.75	11.38	0.894 times
19 Fri Apr 2024	11.42	11.23	11.43	10.88	1.036 times
12 Fri Apr 2024	11.19	11.44	11.59	11.06	0.924 times
05 Fri Apr 2024	11.38	11.81	11.81	11.23	1.164 times
28 Thu Mar 2024	11.81	11.72	11.92	11.49	0.905 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Ellington Financial (EFC)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	11.71	11.81	11.81	10.88	0.83 times
28 Thu Mar 2024	11.81	11.33	11.92	11.02	0.657 times
29 Thu Feb 2024	11.33	12.25	12.47	10.89	1.188 times
31 Wed Jan 2024	12.21	12.68	13.04	12.09	0.668 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ellington Financial (EFC)

Price action analysis of Ellington Financial ( (EFC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ellington Financial ( (EFC) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ellington Financial ( (EFC) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Ellington Financial stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Ellington Financial in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ellington Financial Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Ellington Financial in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Ellington Financial is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.39 and Ellington Financial (EFC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Ellington Financial (EFC) stock. Volume based technical analysis of Ellington Financial (EFC) stock is negative.

Ellington Financial Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.